General Environmental Management, Inc. (GEVI.OB) Moves Forward With Sales and Acquisitions
General Environmental Management Inc. recently completed the acquisition of Santa Clara Waste Water (SCWW), a profitable full-service environmental services company focusing on waste water treatment. SCWW has been doing business for over 50 years, and has treated more than 2 billion gallons of waste water. It’s listed as one of the top 100 privately owned non-hazardous waste water utilities in the country. The acquisition was financed through the issuance of six promissory notes, totaling $9,003,000, along with warrants for the principals of SCWW to purchase 425,000 shares of GEM common stock. The interest rate for the notes is 6½% per…